Bath, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Bath, New Brunswick, the real estate market has been experiencing a steady growth in property values. The current median house price stands at $490,000, which represents a 3.2% increase year-over-year. This trend suggests a stable market that is attractive to both homeowners and investors alike. The median apartment price is also on the rise at $295,000, following a 2.5% growth rate over the previous year.
The population of Bath has grown to approximately 15,000 residents, with a notable population growth rate of 3.4%. This demographic change indicates a potential increase in housing demand, which could further fuel the real estate market’s upward trajectory.
Investment Opportunities and Potential
The consistent appreciation in property values offers promising investment opportunities in Bath’s real estate market. Investors can expect to see continued growth given the solid year-over-year increases in both house and apartment prices. The positive population growth rate opens up potential for rental properties due to an expanding pool of potential tenants.
Furthermore, with median prices for houses and apartments remaining accessible compared to larger urban centers, Bath presents an attractive market for first-time homebuyers and investors looking for properties with good value and potential for capital gains.
Future Market Outlook
The future outlook of the Bath real estate market appears optimistic. Given the steady price growth trends and ongoing population increase, demand is likely to remain strong. Factors such as economic stability, local job market health, and national housing policies will continue to play significant roles in shaping the market dynamics.
If current trends persist, investors and homeowners can anticipate sustained property value appreciation. However, it remains crucial for stakeholders to stay informed about regional developments that could impact the housing market’s performance.
